830 Lee RdOrlando, FL 32810

Property Details for 830 Lee Rd

Year built

1985

Lot size

1.76 AC

Property size (Sq ft)

69,776 SF

Zone code

C-2

Property type

Hospitality properties

Property subtype

Hotels

APN

02-22-29-0000-00-060

APU

22229000000060

Description

This 69,776 square foot, fee-simple owned hotel boasts 145 units with a current 90% occupancy rate. Situated on a 1.76-acre lot in Orlando, Florida (zip code 32810, 830 Lee Rd), this property offers significant upside potential. The building, constructed in 2006 and renovated in 2006, presents a deep value-add opportunity. Its prime location on Lee Road (36,500 AADT) provides immediate access to Interstate 4 (170,000 AADT), ensuring high visibility and accessibility. Nearby amenities include McDonald's, Walmart, 7-Eleven, Home Depot, Starbucks, and Denny's, all within walking distance. A bus stop is conveniently located on-site. The property's proximity to Downtown Winter Park (2.5 miles), known for its upscale dining and shopping, further enhances its appeal. The surrounding area demonstrates strong demographics, with 279,339 people residing within a 5-mile radius and an average household income of $87,654 within 3 miles. The property's versatility allows for future uses such as an assisted living facility or multi-family housing. The cost to construct a comparable new building would exceed $30 million. This presents a unique opportunity to acquire a well-located, high-performing asset with substantial future development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $12,264,027

  6.5%

  $11,320,640

  7%

  $10,512,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,748,774

  Geo Method

  $25,748,774

• Alternative Use

  Use

  Valuation

  Residential

  $12,358,850

  Hospitality

  $11,320,640

  Educational

  $9,418,640

  Medical

  $9,742,561

  Retail

  $14,651,217

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.6074

Longitude

-81.3921

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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